UNITED
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SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 1.01 | Entry into a Material Definitive Agreement. |
As previously disclosed, NioCorp Developments Ltd. (the “Company”) entered into a $3.5 million non-revolving credit facility agreement, dated January 16, 2017 (as amended on March 20, 2017, April 6, 2018, May 31, 2019, January 17, 2020, April 3, 2020, June 10, 2020, December 14, 2020, December 13, 2021, and June 29, 2022, the “Smith Credit Facility”), by and between the Company and Mr. Mark A. Smith, the Company’s Chief Executive Officer, President, and Executive Chairman.
On February 28, 2023, the Company and Mr. Smith entered into an amending agreement to the Smith Credit Facility (the “Smith Credit Facility Extension Agreement”), increasing the size of the facility to $4.0 million.
The above description of the Smith Credit Facility Extension Agreement is qualified in its entirety by reference to the Smith Credit Facility Extension Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is hereby incorporated by reference into this Item 1.01.
Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The disclosure regarding the Smith Credit Facility Extension Agreement contained in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit | Description | |
10.1 | Smith Credit Facility Extension Agreement | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NIOCORP DEVELOPMENTS LTD. | ||
DATE: February 28, 2023 | By: | /s/ Neal S. Shah |
Neal S. Shah Chief Financial Officer |